Pearson pairwise correlation matrix of variables
| Variables | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
|---|---|---|---|---|---|---|---|---|
| IFRS | 1.00 | |||||||
| Audit fees | 0.432*** | 1.00 | ||||||
| Auditing time | 0.391*** | 0.1885** | 1.00 | |||||
| Audit switch | 0.154** | 0.054 | 0.022 | 1.00 | ||||
| Big4 | 0.000 | 0.524*** | −0.007 | 0.089 | 1.00 | |||
| Firm size | 0.042 | 0.278*** | 0.065** | −0.022 | 0.1394** | 1.00 | ||
| Return on assets | −0.045 | 0.117 | −0.336 | −0.134* | 0.250** | 0.208** | 1.00 | |
| Profitability | −0.052 | −0.167 | 0.114 | −0.216*** | −0.216*** | −0.23*** | −0.472*** | 1.00 |
| Leverage | 0.0696 | 0.012 | 0.016* | 0.0598 | 0.0598 | 0.061 | 0.107 | −0.02 |
| Variables | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
|---|---|---|---|---|---|---|---|---|
| IFRS | 1.00 | |||||||
| Audit fees | 0.432 | 1.00 | ||||||
| Auditing time | 0.391 | 0.1885 | 1.00 | |||||
| Audit switch | 0.154 | 0.054 | 0.022 | 1.00 | ||||
| Big4 | 0.000 | 0.524 | −0.007 | 0.089 | 1.00 | |||
| Firm size | 0.042 | 0.278 | 0.065 | −0.022 | 0.1394 | 1.00 | ||
| Return on assets | −0.045 | 0.117 | −0.336 | −0.134 | 0.250 | 0.208 | 1.00 | |
| Profitability | −0.052 | −0.167 | 0.114 | −0.216 | −0.216 | −0.23 | −0.472 | 1.00 |
| Leverage | 0.0696 | 0.012 | 0.016 | 0.0598 | 0.0598 | 0.061 | 0.107 | −0.02 |
Notes:
Significant levels –*** = 1%; ** = 5%; *= 10%